Japan to Name Team for Stock Investigation:...

Japan to Name Team for Stock Investigation: The supervision of stock market trading in Japan is to be tightened by the appointment of a team within the Ministry of Finance which will examine allegations of insider trading and stock manipulation. A spokesman for the ministry said the change would probably come into effect later this year. The team would work closely with investigators at the Tokyo Stock Exchange. The move will still leave the resources of Japan’s supervisory teams far behind those of the United States. Nevertheless, Japan hopes the move will go some way to answering criticism from the United States and Europe that its rules on stock market behavior are too lax.